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Wolfe waves modified

This unique indicator automatically builds Wolfe Waves.


Features

  • Finds the points and builds the lines automatically.
  • Efficient trading strategy.
  • No redraws, no lags.
  • The indicator relaunch button is located directly on the chart.
  • The indicator has multiple configurable parameters.


Use

If number 5 appears, wait till the first candle is closed behind Moving Average, then look at the three center lines showing what lot volume should be used if the fifth dot crossed the line 25%. The candle is closed behind Moving Average, and then we open a trade with the lot: = (Let's apply the lot of, say, (0.40), divide it into four parts and open a quarter of the lot (0.10)). If the fifth dot crossed the line 100% (1-3) and the candle closes behind Moving Average, we open a deal with a lot: = (total volume 0.40). The deal remains open till the price reaches the line 1-4. Please note that sometimes the price does not reach the line. Trailing stop is recommended.


Tips on using the indicator in the strategy tester

To restart the indicator, delete the red square in the right corner.

Notes: entry points are displayed on the screenshots.


Main Parameters

  • Parameters indicator - setting the main indicator parameters.
    • MaxHistoryBars - amount of history bars to be checked.
    • Depth - minimum amount of candles, at which the indicator cannot build the second maximum/minimum if the first parameter conditions are suitable for construction.
    • Deviation - minimum values of the amount of points between Highs and Lows of the two adjacent candles suitable for the indicator to form a local peak or bottom.
    • Backstep - minimum amount of candles between local Lows and Highs. Changing the parameter affects the indicators' sensitivity. If we reduce the data for the system calculation, the amount of extremums is increased.
  • On what number bars move line, (0 = zero bar) - amount of candles, by which the lines are moved (if 0 = zero bar).
  • width (Wolfe Waves), (0 = automatic settings) - width (Wolfe waves) (if 0, automatic adjustment).
  • show Wolfe Waves: if signal falls under selected (%) - draw Wolfe waves: if the signal falls within selected ones (%).
    • Select signal - define the waves. The higher the percentage, the more strict conditions for the determination of the wave.
  • if (Wolfe Waves) not finds wait N bars, then continue search - if Wolfe waves are not found, wait for N candles and then continue the search.
    • timeout N bars - timeout of N candles.
  • SETTINGS FOR BREAKDOWN (WOLFE WAVES) - breakthrough settings (Wolfe waves).
  • number bars closed for line. (1 - 3) or more, for adjustment (Wolfe Waves) - amount of candles closed behind the line. 1-3 or 2-4 for restructuring the Wolfe waves.
  • (true = closed bars on direction trend) , (false = just closed bars for line) - true = close candles in the direction of a trend, false = close the candles behind the line.
    • Select closing - select closing.
    • number bars (0 = Off.) - amount of candles (0 = disabled).
  • number bars closed for line. (1 - 4), for adjustment (Wolfe Waves) - amount of candles closed behind the line (1-4) for restructuring the Wolfe waves.
  • (true = closed bars on direction trend), (false = just closed bars for line) - true = close candles in the direction of a trend, false = close the candles behind the line.
    • Select closing - select closing.
    • number bars (0 = Off.) - amount of closed candles (0 = disabled).
  • OPTIONS FOR SHOWING OFF (WOLFE WAVES) - Wolfe waves drawing parameters.
  • show Wolfe Waves: if line 1-3 or more, was broken, and closed less N bars - display the Wolfe wave: if the line 1-3 or 2-4 was broken and less than N candles were closed.
  • (true = closed bars on direction trend), (false = just closed bars for line) - true = close candles in the direction of a trend, false = close the candles behind the line.
    • Select closing - select closing.
    • number bars closed for line, for depiction (0 = Off) - amount of candles closed behind the line for drawing the Wolfe waves (0 = disabled).
  • setting notice when the emergence of Wolfe wave - set the notification of the Wolfe waves occurrence.
    • alert - enable/disable the alert (message on the screen).
    • email - enable/disable the email alert.

Good luck!

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¡Actualmente con 33% de descuento! ¡La mejor solución para cualquier tráder principiante o experto! Este indicador es una herramienta comercial única, de alta calidad y asequible, porque incorpora una serie de características patentadas y una nueva fórmula. Con esta actualización, podrá mostrar zonas de doble marco temporal. No solo podrá mostrar un marco temporal más alto, sino también mostrar ambos, el marco temporal del gráfico MÁS el marco temporal más alto: MOSTRANDO ZONAS ANIDADAS. A todos
Dibuja automáticamente los niveles de soporte y resistencia MÁS los gaps de las velas de propulsión en su gráfico, para que pueda ver hacia dónde es probable que el precio se dirija a continuación y/o potencialmente retroceda. Este indicador está diseñado para ser utilizado como parte de la metodología de negociación de posiciones que se enseña en mi sitio web (The Market Structure Trader) y muestra información clave para la orientación y entradas potenciales. Hay 2 características PRINCIPA
Currency Strength Wizard es un indicador muy poderoso que le proporciona una solución todo en uno para operar con éxito. El indicador calcula el poder de este o aquel par de divisas utilizando los datos de todas las monedas en múltiples marcos de tiempo. Estos datos se representan en forma de índice de moneda fácil de usar y líneas eléctricas de moneda que puede usar para ver el poder de esta o aquella moneda. Todo lo que necesita es adjuntar el indicador al gráfico que desea operar y el indicad
Order Block Hunter
Noha Mohamed Fathy Younes Badr
5 (4)
Order block hunter indicator is the best indicator for  hunt the order blocks that area where there has been a large concentration of limit orders waiting to be executed Order blocks are identified on a chart by observing previous price action and looking for areas where the price experienced significant movement or sudden changes in direction .This indicator does that for you by using very complicated codes and helps you to take the best areas To buy and sell because it make marks at the best a
Este tablero es una herramienta de alerta para usar con el indicador de reversión de la estructura del mercado. Su propósito principal es alertarlo sobre oportunidades de reversión en marcos de tiempo específicos y también para volver a probar las alertas (confirmación) como lo hace el indicador. El tablero está diseñado para ubicarse en un gráfico por sí solo y funcionar en segundo plano para enviarle alertas sobre los pares y marcos de tiempo elegidos. Fue desarrollado después de que muchas p
El sistema PRO Renko es un sistema de trading de alta precisión especialmente diseñado para operar gráficos RENKO. Se trata de un sistema universal que se puede aplicar a diversos instrumentos de negociación. El sistema neutraliza eficazmente el llamado ruido de mercado, lo que le brinda acceso a señales de reversión precisas. El indicador es muy fácil de usar y solo tiene un parámetro responsable de la generación de señales. Puede adaptar fácilmente la herramienta a cualquier instrumento com
Trend Pulse
Mohamed Hassan
5 (4)
Please contact me after purchase to immediately get your PDF strategy + documentation for Trend Pulse !  Introducing Trend Pulse , a unique and robust indicator capable of detecting bullish, bearish, and even ranging trends! Trend Pulse uses a special algorithm to filter out market noise with real precision. If the current symbol is moving sideways, Trend Pulse will send you a ranging signal, letting you know that it's not a good time to enter a trade. This excellent system makes Trend Pulse
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The EA uses the strategy based on breakout. Breakout trading is one of the most popular and most frequently used strategies among Forex traders. This strategy has been developed a long ago and has been repeatedly tested on history data, showing superior results. The EA uses 3 types of trend breakouts, (support and resistance breakout, downtrend breakout, uptrend breakout). The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade. It uses
EA Skynet MT5
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This is a fully automated smart adaptive algorithm. The  SKYNET  system calculates the history data and performs the analysis based on the probability percentage of where the upcoming breakout of the support and resistance level will take place, and places pending orders. The Expert Advisor adapts to any market conditions. It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing. The EA contains the algorithm of statistics collection with
The trading system utilizes a real breakout strategy with an intelligent calculation engine to eliminate bad signals. The EA has only been developed and optimized for EURUSD H15. We recommend choosing a broker with a fixed spread of 5 to 20 points, with a zero STOPLEVEL and five-digit quotes. You can change the settings and try other pairs for better results. Trades are always protected with STOPLOSS, Smart Trailing and Breakeven. This EA is very easy to use. No grid No martingale МetaТrader 5 v
EA Skynet
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Ultimatum Breakout - this trading system uses the strategy of valid breakouts, using multiple custom indicators for eliminating bad signals. The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade. The EA is fully adapted: calculates the spread — for pending orders, stop loss, trailing stop, breakeven. It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing. No Martingale. No arbi
EA Red Dragon MT5
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The Expert Advisor uses the strategy based on the breakdown of the most important support and resistance levels. Adaptive trade trailing algorithm is used. The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade. The EA integrates a system of partial position closure during slippages (can be configured). It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing. The EA contains the
The Super scalper universal is a fully automated scalping Expert Advisor, which uses five indicators. Each open position is protected by a hidden stop order managed by an advanced modification algorithm. When searching for the suitable signals, the EA uses the integrated indicator in conjunction with the trend and time filters, as well as the volatility filter. It use dynamic position closure, which considers the location where the order had been opened and the subsequent price action. Profit is
The EA opens orders using the Wolfe waves indicator, also uses the Martingale and smart Trailing Stop, Stop Loss and Take Profit. Trades are always protected with STOPLOSS, Smart Trailing and Breakeven. This EA is easy to use. The EA has proven results on EURUSD M5, however you can change the settings for better results on other currencies. Settings Setting EA - Settings of the Advisor. Invest More - at the value 'true' the lot size increases as the account balance grows.( Risk Management ). I
The Trend modified indicator draws trend lines with adjustable trend width, with trend breakout settings and notifications of trend breakout (Alert, Sound, Email) and of a new appeared arrow. Arrows point at the direction of the order to open (BUY, SELL). Parameters User Bars - the number of bars for calculations. Depth (0 = automatic settings) - Search area (0 = automatic adjustment). width trend ( 0 = automatic settings) - Trend width (0 = automatic adjustment). (true = closed bars on direct
The indicator colors bullish, bearish and doji candles. Also, the amount of candles (bullish, bearish and doji) for the last N days is calculated. You can select colors for both bodies and shadows of candles. You can also enable coloring only candle bodies. МetaТrader 5 version:  https://www.mql5.com/en/market/product/11649 Parameters color bulls = color of bullish candle bodies color shadow bulls = color of bullish candle shadows color bears = color of bearish candle bodies color shadow bears =
'Info body and shadow candles' indicator colors the candle bodies and shadows according to the settings. For example, if the 'Size body candles' parameter is 10, the indicator looks for the candles having a body size of 10 or more. Candle shadows are calculated the same way. Detected candles can be colored (body color, shadow color). The indicator can be adjusted for both four- and five-digit quotes. МetaТrader 5 version:  https://www.mql5.com/en/market/product/12977 Parameters Use candle search
We present our totally unique Expert Advisor "Expert trend one point": the EA trades within a trend, it contains a complex strategy (named "one point profit"), does not use stop loss, does not use an adjustable take profit, it adjusts the take profit per one point of profit. The EA works with four or five-digit prices. You can use the Expert Advisor on any currency pairs, however it is recommended to choose symbols with low spread and low stop levels. The EA can work on timeframes M1 , M5, M15,
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Wolfe waves ultra draws Wolfe Waves automatically. The indicator searches for the Wolfe Waves on three timeframes. This indicator is especially accurate because it waits for a breakout in the wave direction before signaling the trade, resulting in a very high winning ratio. Features Amazingly easy to trade. The indicator is able to recognize all Wolfe Wave patterns in a specified interval. Thus, we check each extremum for the potential 1,2,3,4,5 points apart from ZigZag vertices. The indicator
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The SCRIPT opens , modifies , and deletes all types of orders: BUY, SELL, BUYLIMIT, SELLLIMIT, BUYSTOP, and SELLSTOP. Features Orders can be opened both by comments and magic. Order grids. Take profit and stop loss modification. Orders can be removed by type, magic, and comments. Market orders are deleted if magic = 0. Notification window appears after orders are opened, modified or removed. Multi-task script. Modification is performed after opening orders. Parameters Orders_Tip - consists o
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The Expert Advisor contains multiple trading strategies, including news trading, use of indicators, price velocity and various built-in filters. The EA places pending orders. It has successfully completed stress testing. No Martingale No Arbitrage No any other risky strategy inside No scalping Working currency pair/timeframe: EURUSD H1. Optimized. You can adjust the Expert Advisor to any currency pair! Key Features: It can work with a small deposit. Only pending orders. Every trade has a tight
This is an innovative intelligent system consisting of 4 strategies, which detects high-probability entries for price action breakouts on the H1 timeframe. The Expert Advisor includes 3 complex technical strategies and a scalping strategy. The Expert Advisor is fully optimized and ready to use! It is possible to disable each strategy or use them all together. The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade. The potential accumula
EA Innovative PRO is a fully automated EA for Forex trading. It is based on three combined adaptive algorithms. Follows the movement of market price. It was backtested and optimized using real ticks with 99,9% quality. The Expert Advisor has successfully passed the stress test with slippage and commission approximate to the real market conditions. The EA eliminates the extra noise and chooses the most convenient strategy for trading. Dynamically places trailing stop and moves profit to breakeven
Chappie is a smart adaptable robot, Chappie trades based on multiple trading systems using pending orders, the robot manipulates the pending orders, following the price movement of the market and calculates the price movement for the most accurate market entry. Basic EA settings are calculated for EURUSD. Over 1000 tests have been performed on real and history data with 99.9% quality. Chappie is a result of a long term development. The main idea is to preserve capital through unexpected fluctuat
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Two Dragon is an advanced indicator for identifying trends, which uses complex mathematical algorithms. It works in any timeframe and symbol. Indicator is designed with the possibility to customize all the parameters according to your requirements. Any feature can be enabled or disabled. When a Buy / Sell trend changes the indicator will notify using notification: Alert, Sound signal, Email, Push. МetaТrader 5 version:  https://www.mql5.com/en/market/product/14906   Parameters Max_Bars_History —
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The Expert Advisor uses the strategy based on the breakdown of the most important support and resistance levels. Adaptive trade trailing algorithm is used. The EA uses a very small SL so the account is always protected from equity drawdown with a very low risk-per-trade. The EA integrates a system of partial position closure during slippages (can be configured). It was backtested and optimized using real ticks with 99,9% quality. It has successfully completed stress testing. The EA contains the
Neon System N1 PRO is along-term system containing 10 different strategies. Each strategy includes multiple indicators, the system is designed for real trading. The system uses 50 standard indicators, the robot contains 10 strategies. This system is not for those "who want everything at once." This system assumes a professional long-term trading on the Forex market. The robot has been tested in a special tester on real ticks. It uses an adaptive trailing stop algorithm. The EA uses a system of c
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Ruslan Pishun
5 (1)
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The Expert Advisor uses a strategy based on breakthrough and two additional strategies based on sharp price changes. You can adjust the slope of the breakthrough, the distance between the breakthrough levels and the number of breakthrough levels. The Expert Advisor itself marks the levels that should be broken through. The EA includes two strategies based on sharp price changes: that is the EA opens pending Sell Stop and Buy Stop orders in case of a sudden price change in any direction and close
EA Morpheus
Ruslan Pishun
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Breakout based strategy, generates market entry signals when the price crosses a border of a certain price range. To create the strategy, we have used the history data with 99,9% quality for the last 15 years. The best signals had been selected and the false signals have been filtered out. The Expert Advisor performs technical analysis and considers only the breakouts that show the best result. It uses a system of filtering false signals. The EA uses adaptive trailing stop. The EA uses a ver
The Golden scalper Pro is an Expert Advisor that uses the scalping tactics. However, apart from using the classic application methods for these tactics, it uses numerous functions responsible for high-quality analysis of the current market situation and filtering false signals. This provides an excellent trading result. The EA uses price channel for trading. When the price crosses the channel, a deal is opened in a certain direction, with consideration of all rules for filtering false signals. T
The Leonardo Expert Advisor is based purely on price action. It trades according to two trading algorithms using pending orders. This system doesn't use breakout, indicators, grid, martingales or hedge management, it is based solely on price action and is not overloaded with a multitude of filters. The EA has been tested on EURUSD M5, USDJPY M5 with 99.9% modeling quality. The EA does not need any kind of complicated setup and is ready to work with multiple symbols and timeframes. The EA is opti
The strategy is based on a reverse breakout, it trades using pending BUY LIMIT and SELL LIMIT orders. Recommended currency pair/timeframe: EURUSD M30. Monitoring https://www.mql5.com/en/signals/author/profi_mql Parameters Magic — ID of EA's trades. Order Comment— a comment to the EA's orders. Slippage — Allowable slippage before an order triggers. Order Type — select trade direction. Max Spread — Maximum Spread allowed before pending order triggers. disable trade if spread high — disable tra
This long-tern Expert Advisor uses 2 trading strategies: The first strategy will hunt down strong price movements. It will then start opening multiple trades in the direction of that trend. The trades will either hit Takeprofit or Stoploss, or the EA will close the group of trades when it exceeds a certain profit. The EA uses a smart filter to gradually capture profit. If there is a reversal in the trend, it will not add extra trades. The second strategy tracks the trend reversals. Also with thi
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Versión 1.15 2021.01.29
Improved some features.
Versión 1.14 2020.06.12
Improved some features.
Versión 1.12 2020.05.22
Fixed minor bugs.